NAVKAR SHARE AND STOCK BROKERS PVT. LTD....Clearing Member : Globe Commodities Ltd. 804, Anshal...

MEMBER : MULTI COMMODITY EXCHANGE OF INDIA LIMITED

SEGMENT :COMMODITY DERIVATIVE (TM) SEBI REGISTRATION NO- INZ000200531

Regi. Office : 603/A, 6th Floor, Tower A, World Trade Center, Gift City, Gandhinagar, Gujarat -382355

Correspondence Office : 201/A, Shivalik Corporate Park, B/h IOC Petrol Pump, Shivranjani, Ahmedabad-380015

Ph: 079-26922424 Fax: 079-26924040 E-mail : [email protected] Website: www.navkardirect.com

Compliance Officer Name, Phone No. & Email id : MR. PRADIP SHAH – 079-26922424, [email protected] Clearing Member : Globe Commodities Ltd. 804, Anshal Bhavan, 16. K.G. Marg, New Delhi-110001 Sebi Reg No. INZ000024939

INDEX

Index Sr.

No

Name of the Document Brief significance of the Document Page

No.

MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGE

1 KYC FORM Know your client application form - and an instruction / check list.

2 KYC ( Account Opening ) application form KYC form – document capture the basic information about the

constituent

1-4

3 Uniform Risk Disclosure Document ( RDD ) Document detailing risk associated with dealing in the commodities

market

5-8

4 Rights and Obligation of Members.

Authorized Person and Clients

Documents stating the Rights & Obligations of members, Authorized

Person and client for trading on exchanges ( including additional rights

& obligations in case of internet / wireless technology based trading) .

9-15

5 Do’s and Don’ts for the investors Documents detailing do’s and don’ts for trading on exchange, for the

education of the investors.

16-18

6 Tariff Sheet Documents detailing the rate/ amount of brokerage and other charges

levied on the client for trading on the Commodity Exchange(s) ( to be

added by the member).

19

7 Trade Alerts Trade alerts through SMS and/or E-mail 20

VOLUNTARY DOCUMENTS AS PROVIDED BY THE MEMBERS*

8 Electronic Contract Note Electronic Contract Note ( ECN ) – Declaration 21

9 Running Account Authorization Running Account Authorization 22

For any grievance / dispute please contact member Navkar Share and Stock Brokers Pvt. Ltd.. at the above address or Email id -

[email protected] and Phone no. 91-79-26922424. In case not satisfied with the response, please contact the concerned exchange at email

id for MCX - Email id - [email protected] and Phone no. +91-22-67318888

* Following documents should not form part of either mandatory or Voluntary documents:

Authorization letter for any inter family/ group company/ related accounts adjustments

Authorization of adjustment of funds among Securities exchange and commodities exchange

NAVKAR SHARE AND STOCK BROKERS PVT. LTD.

SET OF ACCOUNT OPENING DOCUMENT

mailto:[email protected]

http://www.navkardirect.com/




Application

Type*

New

KYC Type*

Update KYC Number*

Normal (PAN is mandatory) PAN Exempt Investors (Refer instruction K)

PAN Please enclose a duly attested copy of your PAN Card

Prefix First Name Middle Name Last Name

Name* (same as ID proof)

Maiden Name (If any*)

Father / Spouse Name*

Mother Name*

Date of Birth*

Gender*

Marital Status*

Citizenship*

Residential Status*

Occupation Type*

O-Others Professional

B-Business

Self Employed

X-Not Categorised

Retired Housewife Student

(Certified copy of any one of the following Proof of Identity [PoI] needs to be submitted)

A- Passport Number

B- Voter ID Card

D- Driving Licence

E- Aadhaar Card

F- NREGA Job Card

Z- Others (any document notified by the central government)

Passport Expiry Date

Driving Licence Expiry Date

Identification Number

Address

Line 1*

Line 2

Line 3

District*

City / Town / Village*

Zip / Post Code* State/UT Code as per Indian Motor Vehicle Act, 1988

State/UT* Country* Country Code as per ISO 3166

Address Type* Residential / Business Residential Business Registered Office Unspecified

(Certified copy of any one of the following Proof of Address [PoA] needs to be submitted)

Proof of Address*

Passport Number

Voter ID Card

Driving Licence

Aadhaar Card

NREGA Job Card

Others (any document notified by the central government)



Identification Number

Same as Current / Permanent / Overseas Address details (In case of multiple correspondence / local addresses, please fill ‘Annexure A1’, Submit relevant documentary proof)

Line 1*

Line 2

Line 3 City / Town / Village*

District* Zip / Post Code* State/UT Code as per Indian Motor Vehicle Act, 1988


3.2 Correspondence / Local Address Details* (Please see instruction E at the end)

M M D D

M M D D

M M D D

M M D D

3. Proof of Address (PoA)*

Signature/

Thumb Impression

1. Identity Details (Please refer instruction A at the end)

3.1 Current / Permanent / Overseas Address Details (Please see instruction D at the end)

2. Proof of Identity (PoI)* (for PAN exempt Investor or if PAN card copy not provided) (Please refer instruction C & K at the end)

Know Your Client (KYC) Application Form (For Individuals only) (Please fill the form in English and in BLOCK Letters)

Fields marked with ‘*’ are mandatory fields

D D

Photo

M- Male F- Female T-Transgender

Married Unmarried Others

IN- Indian Others – Country Country Code

Resident Individual

Foreign National

S-Service Private Sector

Non Resident Indian

Person of Indian Origin

Public Sector Government Sector

Y Y Y Y

Y Y Y Y

Y Y Y Y

Y Y Y Y

M M

Y Y Y Y

Email ID

Mobile

Additional Details Required* (Mandatory only if above option (5) is ticked)

Country of Jurisdiction of Residence*

Tax Identification Number or equivalent (If issued by jurisdiction)*

Country Code of Jurisdiction of Residence as per ISO 3166

Place / City of Birth*

Address Line 1*

Line 2

Line 3

District*

Country of Birth* Country Code as per ISO 3166


6. Details of Related Person (Optional) (please refer instruction G at the end) (in case of additional related persons, please fill ‘Annexure B1’)

Related Person Deletion of Related Person KYC Number of Related Person (if available*)

Related Person Type* Guardian of Minor Assignee

Prefix First Name

Authorized Representative

Middle Name Last Name

Name*

(If KYC number and name are provided, below details of section 6 are optional)

(Certified copy of any one of the following Proof of Identity[PoI] needs to be submitted)

A- Passport Number

B- Voter ID Card

C- PAN Card

D- Driving Licence



E- Aadhaar Card

F- NREGA Job Card

Date:

9. Attestation / For Office Use Only

Place : Signature / Thumb Impression of Applicant

Documents Received Certified Copies

Date

Emp. Name

Emp. Code

Date

Emp. Name

Emp. Code

Version 1.6 Page 2

M M D D

M M D D

M M D D

In-Person Verification (IPV) Carried Out by (Refer Instruction J)

4. Contact Details (All communications will be sent on provided Mobile no. / Email-ID) (Please refer instruction F at the end)

KYC Verification Carried Out by (Refer Instruction I)

Proof of Identity [PoI] of Related Person* (Please see instruction (H) at the end)

5. FATCA/CRS Information (Tick if Applicable) Residence for Tax Purposes in Jurisdiction(s) Outside India (Please refer instruction B at the end)

Tel. (Off ) Tel. (Res


Zip / Post Code* State/UT Code as per Indian Motor Vehicle Act, 1988

Z- Others (any document notified by the central government) Identification Number

7. Remarks (If any)

8. Applicant Declaration

• I hereby declare that the details furnished above are true and correct to the best of my knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am aware that I may be held

liable for it. I hereby declare that I am not making this application for the purpose of contravention of any Act, Rules, Regulations or any statute of legislation or any notifications/directions issued by any governmental or statutory authority from time to time.

• I hereby consent to receiving information from Central KYC Registry through SMS/Email on the above registered number/email address.

[Signature / Thumb Impression]

D D M M Y Y Y

Institution Details

Name

Code

Y Y Y Y

Y Y Y Y

Y Y Y Y

Emp. Branch

[Institution Stamp]

Institution Details

Name

Code

Emp. Designation

[Employee Signature]

D D M M Y Y Y

Emp. Branch

[Institution Stamp]

Emp. Designation


General Instructions:

1. Self-Certification of documents is mandatory.

2. KYC number of applicant is mandatory for update/change of KYC details.

3. For particular section update, please tick () in the box available before the section number and strike off the sections not required to be updated.

4. Copies of all documents that are submitted need to be compulsorily self-attested by the applicant and accompanied by originals for verification. In case the original of any

document is not produced for verification, then the copies should be properly attested by entities authorized for attesting the documents, as per the list mentioned under [I].

5. If any proof of identity or address is in a foreign language, then translation into English is required.

6. Name & address of the applicant mentioned on the KYC form, should match with the documentary proof submitted.

7. If correspondence & permanent addresses are different, then proofs for both have to be submitted.

8. Sole proprietor must make the application in his individual name & capacity.

9. For non-residents and foreign nationals, (allowed to trade subject to RBI and FEMA guidelines), copy of passport/PIOCard/OCICard and overseas address proof is mandatory.

10. In case of Merchant Navy NRI’s, Mariner’s declaration or certified copy of CDC (Continuous Discharge Certificate) is to be submitted.

11. For opening an account with Depository participant or Mutual Fund, for a minor, photocopy of the School Leaving Certificate/Mark sheet issued by Higher Secondary Board/

Passport of Minor/Birth Certificate must be provided.

A. Clarification / Guidelines on filling ‘Identity Details’ section

1. Name: Please state the name with Prefix (Mr/Mrs/Ms/Dr/etc.). The name should match the name as mentioned in the Proof of Identity submitted failing which the

application is liable to be rejected.

2. Either father’s name or spouse’s name is to be mandatorily furnished. In case PAN is not available father’s name is mandatory.

B. Clarification/Guidelines on filling details if applicant residence for tax purposes in jurisdiction(s) outside India

1. Tax identification Number (TIN): TIN need not be reported if it has not been issued by the jurisdiction. However, if the said jurisdiction has issued a high integrity number

with an equivalent level of identification (a “Functional equivalent”), the same may be reported. Examples of that type of number for individual include, a social security/ insurance number, citizen/personal identification/services code/number, and resident registration number)

C. Clarification / Guidelines on filling ‘Proof of Identity [PoI]’ section, if PAN Card copy is not enclosed/For PAN exempt Investors

1. If driving license number or passport is provided as proof of identity then expiry date is to be mandatorily furnished.

2. Mention identification / reference number if ‘Z – Others (any document notified by the central government)’ is ticked.

3. Others – Identity card with applicant’s photograph issued by any of the following: Central/ State Government Departments, Statutory/Regulatory Authorities, Public Sector

Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council,

etc., to their Members; and Credit cards/Debit cards issued by Banks.

4. Letter issued by a gazetted officer, with a duly attested photograph of the person.

D. Clarification / Guidelines on filling ‘Proof of Address [PoA] section

1. PoA to be submitted only if the submitted PoI does not have an address or address as per PoI is invalid or not in force.

2. State / U.T Code and Pin / Post Code will not be mandatory for Overseas addresses.

3. Others includes – Utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid mobile phone, piped gas, water bill); Bank

account or Post Office savings bank account statement; Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or

Mission in India; Identity card with applicant’s photograph and address issued by any of the following: Central/ State Government Departments, Statutory/Regulatory

Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council, etc., to their Members; and Credit cards/Debit cards issued by Banks.

E. Clarification / Guidelines on filling ‘Proof of Address [PoA] - Correspondence / Local Address details’ section

1. To be filled only in case the PoA is not the local address or address where the customer is currently residing. No separate PoA is required to be submitted.

2. In case of multiple correspondence / local addresses, Please fill ‘Annexure A1’

3. Others includes – Utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid mobile phone, piped gas, water bill); Bank

account or Post Office savings bank account statement; Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or

Mission in India; Identity card with applicant’s photograph and address issued by any of the following: Central/ State Government Departments, Statutory/Regulatory

Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council, etc., to their Members; and Credit cards/Debit cards issued by Banks.

F. Clarification / Guidelines on filling ‘Contact details’ section

1. Please mention two- digit country code and 10 digit mobile number (e.g. for Indian mobile number mention 91-9999999999).

2. Do not add ‘0’ in the beginning of Mobile number.

G. Clarification / Guidelines on filling ‘Related Person details’ section

1. Provide KYC number of related person if available.

H. Clarification / Guidelines on filling ‘Related Person details – Proof of Identity [PoI] of Related Person’ section

1. Mention identification / reference number if ‘Z- Others (any document notified by the central government)’ is ticked.

I. List of people authorized to attest the documents after verification with the originals:

1. Authorized officials of Asset Management Companies (AMC).

2. Authorized officials of Registrar & Transfer Agent (R&T) acting on behalf of the AMC.

3. KYD compliant mutual fund distributors.

4. Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/Co-operative Bank or Multinational Foreign Banks (Name, Designation & Seal should be affixed on

the copy).

5. In case of NRIs, authorized officials of overseas branches of Scheduled Commercial Banks registered in India, Notary Public, Court Magistrate, Judge, Indian Embassy/

Consulate General in the country where the client resides are permitted to attest the documents.

6. Government authorized officials who are empowered to issue Apostille Certificates.

J. List of people authorized to perform In Person Verification (IPV):

1. Authorized officials of Asset Management Companies (AMC).

2. Authorized officials of Registrar & Transfer Agent (R&T) acting on behalf of the AMC.

3. KYD compliant mutual fund distributors.

4. Manager of a Scheduled Commercial/Co-operative Bank or Multinational Foreign Banks (for investors investing directly).

5. In case of NRI applicants, a person permitted to attest documents, may also conduct the In Person Verification and confirm this in the KYC Form.

K. PAN Exempt Investor Category

1. Investments (including SIPs), in Mutual Fund schemes up to INR 50,000/- per investor per year per Mutual Fund.

2. Transactions undertaken on behalf of Central/State Government, by officials appointed by Courts, e.g., Official liquidator, Court receiver, etc.

3. Investors residing in the state of Sikkim.

4. UN entities/multilateral agencies exempt from paying taxes/filing tax returns in India.

Instructions/Guidelines for filling Individual KYC Application Form

List of ISO 3166 Two-Digit Country Code

List of Two-Digit state / U.T Codes as per Indian Motor Vehicle Act, 1988

State / U.T Code State / U.T Code State / U.T Code

Andaman & Nicobar AN Himachal Pradesh HP Pondicherry PY

Andhra Pradesh AP Jammu & Kashmir JK Punjab PB

Arunachal Pradesh AR Jharkhand JH Rajasthan RJ

Assam AS Karnataka KA Sikkim SK

Bihar BR Kerala KL Tamil Nadu TN

Chandigarh CH

Lakshadweep LD

Telangana TS

Chattisgarh CG Madhya Pradesh MP Tripura TR

Dadra and Nagar Haveli DN Maharashtra MH Uttar Pradesh UP

Daman & Diu DD Manipur MN Uttarakhand UA

Delhi DL Meghalaya ML West Bengal WB

Goa GA Mizoram MZ Other XX

Gujarat GJ Nagaland NL

Haryana HR

Orissa OR

Country Country

Code

Country Country

Code

Country Country

Code

Country Country

Code

Afghanistan AF Dominican Republic DO Libya LY Saint Pierre and Miquelon PM

Aland Islands AX Ecuador EC Liechtenstein LI Saint Vincent and the Grenadines VC

Albania AL Egypt EG Lithuania LT Samoa WS

Algeria DZ El Salvador SV Luxembourg LU San Marino SM

American Samoa AS Equatorial Guinea GQ Macao MO Sao Tome and Principe ST

Andorra AD Eritrea ER Macedonia, the former Yugoslav Republic of MK Saudi Arabia SA

Angola AO Estonia EE Madagascar MG Senegal SN

Anguilla AI Ethiopia ET Malawi MW Serbia RS

Antarctica AQ Falkland Islands (Malvinas) FK Malaysia MY Seychelles SC

Antigua and Barbuda AG Faroe Islands FO Maldives MV Sierra Leone SL

Argentina AR Fiji FJ Mali ML Singapore SG

Armenia AM Finland FI Malta MT Sint Maarten (Dutch part) SX

Aruba AW France FR Marshall Islands MH Slovakia SK

Australia AU French Guiana GF Martinique MQ Slovenia SI

Austria AT French Polynesia PF Mauritania MR Solomon Islands SB

Azerbaijan AZ French Southern Territories TF Mauritius MU Somalia SO

Bahamas BS Gabon GA Mayotte YT South Africa ZA

Bahrain BH Gambia GM Mexico MX South Georgia and the South Sandwich Islands GS

Bangladesh BD Georgia GE Micronesia, Federated States of FM South Sudan SS

Barbados BB Germany DE Moldova, Republic of MD Spain ES

Belarus BY Ghana GH Monaco MC Sri Lanka LK

Belgium BE Gibraltar GI Mongolia MN Sudan SD

Belize BZ Greece GR Montenegro ME Suriname SR

Benin BJ Greenland GL Montserrat MS Svalbard and Jan Mayen SJ

Bermuda BM Grenada GD Morocco MA Swaziland SZ

Bhutan BT Guadeloupe GP Mozambique MZ Sweden SE

Bolivia, Plurinational State of BO Guam GU Myanmar MM Switzerland CH

Bonaire, Sint Eustatius and Saba BQ Guatemala GT Namibia NA Syrian Arab Republic SY

Bosnia and Herzegovina BA Guernsey GG Nauru NR Taiwan, Province of China TW

Botswana BW Guinea GN Nepal NP Tajikistan TJ

Bouvet Island BV Guinea-Bissau GW Netherlands NL Tanzania, United Republic of TZ

Brazil BR Guyana GY New Caledonia NC Thailand TH

British Indian Ocean Territory IO Haiti HT New Zealand NZ Timor-Leste TL

Brunei Darussalam BN Heard Island and McDonald Islands HM Nicaragua NI Togo TG

Bulgaria BG Holy See (Vatican City State) VA Niger NE Tokelau TK

Burkina Faso BF Honduras HN Nigeria NG Tonga TO

Burundi BI Hong Kong HK Niue NU Trinidad and Tobago TT

Cabo Verde CV Hungary HU Norfolk Island NF Tunisia TN

Cambodia KH Iceland IS Northern Mariana Islands MP Turkey TR

Cameroon CM India IN Norway NO Turkmenistan TM

Canada CA Indonesia ID Oman OM Turks and Caicos Islands TC

Cayman Islands KY Iran, Islamic Republic of IR Pakistan PK Tuvalu TV

Central African Republic CF Iraq IQ Palau PW Uganda UG

Chad TD Ireland IE Palestine, State of PS Ukraine UA

Chile CL Isle of Man IM Panama PA United Arab Emirates AE

China CN Israel IL Papua New Guinea PG United Kingdom GB

Christmas Island CX Italy IT Paraguay PY United States US

Cocos (Keeling) Islands CC Jamaica JM Peru PE United States Minor Outlying Islands UM

Colombia CO Japan JP Philippines PH Uruguay UY

Comoros KM Jersey JE Pitcairn PN Uzbekistan UZ

Congo CG Jordan JO Poland PL Vanuatu VU

Congo, the Democratic Republic of the CD Kazakhstan KZ Portugal PT Venezuela, Bolivarian Republic of VE

Cook Islands CK Kenya KE Puerto Rico PR Viet Nam VN

Costa Rica CR Kiribati KI Qatar QA Virgin Islands, British VG

Cote d'Ivoire !Côte d'Ivoire CI Korea, Democratic People's Republic of KP Reunion !Réunion RE Virgin Islands, U.S. VI

Croatia HR Korea, Republic of KR Romania RO Wallis and Futuna WF

Cuba CU Kuwait KW Russian Federation RU Western Sahara EH

Curacao !Curaçao CW Kyrgyzstan KG Rwanda RW Yemen YE

Cyprus CY Lao People's Democratic Republic LA Saint Barthelemy !Saint Barthélemy BL Zambia ZM

Czech Republic CZ Latvia LV Saint Helena, Ascension and Tristan da Cunha SH Zimbabwe ZW

Denmark DK Lebanon LB Saint Kitts and Nevis KN

Djibouti DJ Lesotho LS Saint Lucia LC

Dominica DM Liberia LR Saint Martin (French part) MF

Fields marked with ‘*’ are mandatory fields.

Please fill the form in English and in BLOCK letters.

For office use only (To be filled by financial institution)

Application Type* New Update/Change

KYC Number (Mandatory for KYC update request)

Same as Current / Permanent / Overseas Address details Line

1*

Line 2

Line 3

District*


State/UT Code as per Indian Motor Vehicle Act, 1988

State/UT Country* Country Code as per ISO 3166

Email ID

Mobile

Fax


liable for it. I hereby declare that I am not making this application for the purpose of contravention of any Act, Rules, Regulations or any statute of

legislation or any notifications/directions issued by any governmental or statutory authority from time to time.


Date: Place : M M D D Signature / Thumb Impression of Applicant


Zip / Post Code*


2. Contact Details (All communications will be sent on provided Mobile no. / Email-ID) (Please refer instruction F at the end)

1. Correspondence / Local Address Details (Please see instruction E at the end) Enclose relevant documentary proof

Annexure A1 – Addition/Modification/Change of Address – Correspondence/Local Address

Y Y Y Y

Fields marked with ‘*’ are mandatory fields.

Please fill the form in English and in BLOCK letters.

For office use only (To be filled by financial institution)

Application Type* New Update/Change

KYC Number (Mandatory for KYC update request)

Related Person Type* Guardian of Minor

Prefix

Assignee

First Name

Authorized Representative

Middle Name Last Name

Name*

(If KYC number and name are provided, below details of section 6 are optional)

A- Passport Number

B- Voter ID Card

C- PAN Card

D- Driving Licence

E- Aadhaar Card

F- NREGA Job Card

Z- Others (any document notified by the central government) Identification Number


liable for it. I hereby declare that I am not making this application for the purpose of contravention of any Act, Rules, Regulations or any statute of

legislation or any notifications/directions issued by any governmental or statutory authority from time to time.


Date: Place :

Documents Received Certified Copies

Name

Code

Signature / Thumb Impression of Applicant



M M D D

[Institution Stamp]

Institution Details KYC Verification Carried Out by

3. Attestation / For Office Use Only

1. Details of Related Person (In case of additional related persons, please fill ‘Annexure B1’) (please refer instruction G at the end)

Annexure B1 – Addition/Deletion of Related Persons

Addition of Related Person Deletion of Related Person KYC Number of Related Person (if available*)

Proof of Identity [PoI] of Related Person* (Please see instruction (H) at the end)

Passport Expiry Date D D M M

Driving Licence Expiry Date D D M M

Y Y Y Y

Date

Emp. Name Emp.

Code

Emp. Designation

Emp. Branch

D D

M M

Y Y Y Y


Y Y Y Y

Y Y Y Y

KNOW YOUR CLIENT (KYC) APPLICATION FORM PART – II

For Individuals

Please fill this form in ENGLISH and in BLOCK LETTERS.

A. OTHER DETAILS

1. Gross Annual Income Details (please specify):

Income Range per annum: Below Rs 1 Lac / 1-5 Lac /5-10 Lac / 10-25 Lac /

25 Lacs-1 crore/ > 1 crore

Net‐worth as on (date) (dd/mm/yyyy):

(*Net worth should not be older than 1 year)

2. Occupation (please tick any one and give brief details):

Private Sector / Public Sector / Government Service / Business / Professional / Farmar / Others (Specify)

3. Please tick, as applicable: Politically Exposed Person (PEP) / Related to a Politically Exposed Person (PEP)

Not a Politically Exposed Person (PEP)/ Not Related to a Politically Exposed Person (PEP)

ANK ACCOUNT(S) DETAILS:

Bank Name

Branch address

Bank account no. Account Type: Saving/Current/ Others

MICR Number IFSC code

Note: Provide a copy of cancelled cheque leaf/ pass book/bank statement specifying name of the client, MICR Code or/and IFSC Code of the bank.

Page No. 1

PHOTOGRAPH

Please affix Authorized

Signatories recent

passport size

photographs and sign

across it

Page No. 2

C. DEPOSITORY ACCOUNT(S) DETAILS, if available

Depository Participant Name

Depository Name

(NSDL/CDSL)

Beneficiary name

DP ID Beneficiary ID

(BO ID)

Note: Provide a copy of either Demat Master or a recent holding statement issued by DP bearing name of the client.

D. TRADING PREFERENCES

Note: Please sign in the relevant boxes against the Exchange with which you wish to trade. The Exchange not chosen should be struck off by the client.

Sr. No.

Name of the National Commodity Exchanges #

Date of Consent for trading on concerned Exchange

Signature of the Client

1

2

3

4

5

6

7

8

9

# At the time of printing the form, the Member must specify the names of the Exchanges where the Member has membership.

[In case of allowing a client for trading on any other Exchange at a later date, which is not selected now, a separate consent letter is required to be obtained by the Member from client and to be kept as enclosure with this document]

E. INVESTMENT/TRADING EXPERIENC E

No Prior Experience

Years in Commodities

Years in other investment related fields

F. SALES TAX REGISTRATION DETAILS (As applicable, State wise)

Local Sales Tax State Registration No. :

Validity Date :

Name of the State :

Central Sales Tax Registration No :

Validity Date :

Other Sales Tax State Registration No. :

Validity Date :

Name of the State :

Page No. 3

G. VAT DETAILS (As applicable, State wise)

Local VAT Registration No. :

Validity Date :

Name of the State :

Other VAT Registration No. :

Name of the State :

Validity Date :

H. PAST REG ULATORYACTIONS Details of any action/proceedings initiated/pending/ taken by SEBI / Stock exchange / Commodity exchange / any other authority against the client during the last 3 years:

I. DEALINGS THROUGH OTHER MEMBERS

If client is dealing through any other Member, provide the following details (in case dealing with multiple Members, provide details of all in a separate sheet containing all the information as mentioned below) :

Member’s / Authorized Person (AP)’s Name:

Exchange: Exchange’s Registration number:

Concerned Member’s Name with whom the AP is registered: Registered office address: Ph: Fax: Email: Website: Client Code:

Details of disputes/dues pending from/to such Member/AP:

J. INTRODUCER DETAILS (optional) Name of the Introducer:

(Surname) (Name) (Middle Name) Status of the Introducer: Authorized Person/Existing Client/Others, please specify Address and phone no. of the Introducer:

Signature of the Introducer

K. ADDITIONAL DETAILS Whether you wish to receive communication from Member in electronic form on your Email-id [Yes / No] : {If yes then please fill in Appendix-A}

L. NOMINATION DETAILS I/We wish to nominate I/ We do not wish to nominate Name of the Nominee: Relationship with the Nominee:

PAN of Nominee: Date of Birth of Nominee:

Address and phone no. of the Nominee:

If Nominee is a minor, details of guardian: Name of guardian: Address and phone no. of Guardian:

Signature of guardian

WITNESSES (Only applicable in case the account holder has made nomination) Name Name

Signature

Address

Signature

Address

Page No. 4

DECLARATION

1. I/We hereby declare that the details furnished above are true and correct to the best of my/our

knowledge and belief and I/we undertake to inform you of any change therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

2. I/We confirm having read/been explained and understood the contents of the tariff sheet and all

voluntary/non-mandatory documents.

3. I/We further confirm having read and understood the contents of the ‘Rights and Obligations’

document(s), ‘Risk Disclosure Document’ and ‘Do’s and Dont’s’. I/We do hereby agree to be bound by such provisions as outlined in these documents. I/We have also been informed that the standard set of documents has been displayed for Information on Member’s designated website, if any.

Place

Date

( )

Signature of Client

FOR OFFICE USE ONLY

UCC Code allotted to the Client:

Documents verified with Originals

Name of the Employee

Employee Code

Designation of the employee

Date

Signature

I / We undertake that we have made the client aware of tariff sheet and all the voluntary/non‐mandatory documents. I/We have also made the client aware of ‘Rights and Obligations’ document (s), RDD, ‘Do’s and Dont’s’ and Guidance Note. I/We have given/sent him a copy of all the KYC documents. I/We undertake that any change in the tariff sheet and all the voluntary/non‐mandatory documents would be duly intimated to the clients. I/We also undertake that any change in the ‘Rights and Obligations’ and RDD would be made available on my/our website, if any, for the information of the clients.

Signature of the Authorized Signatory

Date Seal/Stamp of the Member

Page No. 5

Annexure–2

RISK DISCLOSURE DOCUMENT

The Exchange does not expressly or impliedly, guarantee nor make any representation concerning the completeness, the adequacy or accuracy of this disclosure documents nor has the Exchange endorsed or passed any merits of participating in the Commodity Derivatives market/trading. This brief statement does not disclose all of the risks and other significant aspects of trading. You should, therefore, study derivatives trading carefully before becoming involved in it.

In the light of the risks involved, you should undertake transactions only if you understand the nature of the contractual relationship into which you are entering and the extent of your exposure to risk.

You must know and appreciate that investment in commodity futures contracts/ derivatives or other instruments traded on the Commodity Exchange(s), which have varying element of risk, is generally not an appropriate avenue for someone of limited resources/ limited investment and/ or trading experience and low risk tolerance. You should, therefore, carefully consider whether such trading is suitable for you in the light of your financial condition. In case, you trade on the Exchange and suffer adverse consequences or loss, you shall be solely responsible for the same and the Exchange shall not be responsible, in any manner whatsoever, for the same and it will not be open for you to take the plea that no adequate disclosure regarding the risks involved was made or that you were not explained the full risk involved by the concerned member. The Client shall be solely responsible for the consequences and no contract can be rescinded on that account.

You must acknowledge and accept that there can be no guarantee of profits or no exception from losses while executing orders for purchase and/or sale of a commodity derivatives being traded on the Exchange.

It must be clearly understood by you that your dealings on the Exchange through a member shall be subject to your fulfilling certain formalities set out by the member, which may, inter alia, include your filing the know your client form and are subject to Rules, Byelaws and Business Rules of the Exchange guidelines prescribed by SEBI from time to time and circulars as may be issued by the Exchange from time to time.

The Exchange does not provide or purport to provide any advice and shall not be liable to any person who enters into any business relationship with any member of the Exchange and/ or third party based on any information contained in this document. Any information contained in this document must not be construed as business advice/investment advice. No consideration to trade should be made without thoroughly understanding and reviewing the risks involved in such trading. If you are unsure, you must seek professional advice on the same.

In considering whether to trade, you should be aware of or must get acquainted with the following:-

1. Basic Risks involved in the trading of Commodity Futures Contracts and other Commodity Derivatives Instruments on the Exchange.

i. Risk of Higher Volatility

Volatility refers to the dynamic changes in price that commodity derivative contracts undergo when trading activity continues on the Commodity Exchange. Generally, higher the volatility of a commodity derivatives contract, greater is its price swings. There may be normally greater volatility in thinly traded commodity derivatives contracts than in actively traded commodities/ contracts. As a result of volatility, your order may only be partially executed or not executed at all, or the price at which your order got executed may be substantially different from the last traded price or change substantially thereafter, resulting in real losses.

Page No. 6

ii. Risk of Lower Liquidity

a. Liquidity refers to the ability of market participants to buy and/ or sell commodity derivative contract expeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more the number of orders available in a market, greater is the liquidity. Liquidity is important because with greater liquidity, it is easier for investors to buy and/ or sell commodity derivatives contracts swiftly and with minimal price difference and as a result, investors are more likely to pay or receive a competitive price for commodity derivative contracts purchased or sold. There may be a risk of lower liquidity in some commodity derivative contracts as compared to active commodity derivative contracts. As a result, your order may only be partially executed, or may be executed with relatively greater price difference or may not be executed at all.

b. Buying/ Selling without intention of giving and/ or taking delivery of certain commodities may also result into losses, because in such a situation, commodity derivative contracts may have to be squared-off at a low/ high prices, compared to the expected price levels, so as not to have any obligation to deliver/ receive such commodities.

iii. Risk of Wider Spreads

a. Spread refers to the difference in best buy price and best sell price. It represents the differential between the price of buying a commodity derivative and immediately selling it or vice versa. Lower liquidity and higher volatility may result in wider than normal spreads for less liquid or illiquid commodities/ commodity derivatives contracts. This in turn will hamper better price formation.

iv. Risk‐reducing orders

a. Most of the Exchanges have a facility for investors to place “limit orders”, “stop loss orders” etc. Placing of such orders (e.g. “stop loss” orders or “limit” orders) which are intended to limit losses to certain amounts may not be effective many a time because rapid movement in market conditions may make it impossible to execute such orders.

b. A “market” order will be executed promptly, subject to availability of orders on opposite side, without regard to price and that while the customer may receive a prompt execution of a “market” order, the execution may be at available prices of outstanding orders, which satisfy the order quantity, on price time priority. It may be understood that these prices may be significantly different from the last traded price or the best price in that commodity derivatives contract.

c. A “limit” order will be executed only at the “limit” price specified for the order or a better price. However, while the client received price protection, there is a possibility that the order may not be executed at all.

d. A stop loss order is generally placed "away" from the current price of a commodity derivatives contract, and such order gets activated if and when the contract reaches, or trades through, the stop price. Sell stop orders are entered ordinarily below the current price, and buy stop orders are entered ordinarily above the current price. When the contract approaches pre-determined price, or trades through such price, the stop loss order converts to a market/limit order and is executed at the limit or better. There is no assurance therefore that the limit order will be executable since a contract might penetrate the pre-determined price, in which case, the risk of such order not getting executed arises, just as with a regular limit order.

Page No. 7

v. Risk of News Announcements

a. Traders/Manufacturers make news announcements that may impact the price of the commodities and/or commodity derivatives contracts. These announcements may occur during trading and when combined with lower liquidity and higher volatility may suddenly cause an unexpected positive or negative movement in the price of the commodity/ commodity derivatives contract.

vi. Risk of Rumours

a. Rumours about the price of a commodity at times float in the market through word of mouth, newspaper, websites or news agencies, etc., the investors should be wary of and should desist from acting on rumours.

vii. System Risk

a. High volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any point in the day. These may cause delays in order execution or confirmation.

b. During periods of volatility, on account of market participants continuously modifying their order quantity or prices or placing fresh orders, there may be delays in execution of order and its confirmation.

c. Under certain market conditions, it may be difficult or impossible to liquidate a position in the market at a reasonable price or at all, when there are no outstanding orders either on the buy side or the sell side, or if trading is halted in a commodity due to any action on account of unusual trading activity or price hitting circuit filters or for any otherreason.

viii. System/ Network Congestion

a. Trading on the Exchange is in electronic mode, based on satellite/ leased line communications, combination of technologies and computer systems to place and route orders. Thus, there exists a possibility of communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access to the trading system/network, which may be beyond the control of and may result in delay in processing or not processing buy or sell orders either in part or in full. You are cautioned to note that although these problems may be temporary in nature, but when you have outstanding open positions or unexecuted orders, these represent a risk because of your obligations to settle all executed transactions.

2. As far as Futures Commodity Derivatives are concerned, please note and get yourself acquainted with the

following additional features:‐

Effect of "Leverage" or "Gearing":

a. The amount of margin is small relative to the value of the commodity derivatives contract so the transactions are 'leveraged' or 'geared'. Commodity Derivatives trading, which is conducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the principal investment amount. But transactions in commodity derivatives carry a high degree of risk. You should therefore completely understand the following statements before actually trading in commodity derivatives contracts and also trade with caution while taking into account one's circumstances, financial resources, etc.

Page No. 8

b. Trading in Futures Commodity Derivatives involves daily settlement of all positions. Every day the open positions are marked to market based on the closing price. If the closing price has moved against you, you will be required to deposit the amount of loss (notional) resulting from such movement. This margin will have to be paid within a stipulated time frame, generally before commencement of trading on the next day.

c. If you fail to deposit the additional margin by the deadline or if an outstanding debt occurs in your account, the Member of the Exchange may liquidate/square-up a part of or the whole position. In this case, you will be liable for any losses incurred due to such square-up/ Close Outs.

d. Under certain market conditions, an Investor may find it difficult or impossible to execute the transactions. For example, this situation can occur due to factors such as illiquidity i.e. when there are insufficient bids or offers or suspension of trading due to price limit or circuit breakers etc.

e. Steps, such as, changes in the margin rate, increase in the cash margin rate etc. may be adopted in order to maintain market stability. These new measures may be applied to the existing open interests. In such conditions, you will be required to put up additional margins or reduce your positions.

f. You must ask your Member of the Exchange to provide the full details of the commodity derivatives contracts you plan to trade i.e. the contract specifications and the associated obligations.

3. TRADING THROUGH WIRELESS TECHNOLOGY OR ANY OTHER TECHNOLOGY:

Any additional provisions defining the features, risks, responsibilities, obligations and liabilities associated with commodities trading through wireless technology or any other technology should be brought to the notice of the client by the member.

4. General

i. Deposited cash and property:

You should familiarize yourself with the protections accorded to the money or other property you deposit particularly in the event of a firm become insolvent or bankrupt. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property, which has been specifically identifiable as your own, will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall. In case of any dispute with the Member of the Exchange, the same shall be subject to arbitration as per the Rules, Bye-laws and Business Rules of the Exchange.

ii. Commission and other charges:

Before you begin to trade, you should obtain a clear explanation of all commissions, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.

iii. For rights and obligations of the Members/Authorized Persons/ clients, please refer to Annexure 3

iv. The term ‘Constituent’ shall mean and include a Client, a Customer or an Investor, who deals with a member for the purpose of trading in the commodity derivatives through the mechanism provided by the Exchange.

v. The term ‘member’ shall mean and include a Trading Member or a Member/Broker, who has been admitted as such by the Exchange and got a Unique Member Code from SEBI.

Page No. 9

ANNEXURE 3

RIGHTS AND OBLIGATIONS OF MEMBERS, AUTHORIZED PERSONS AND CLIENTS

(as prescribed by SEBI and COmmodity Exchanges)

1. The client shall invest/trade in those commodities /contracts/other instruments admitted to dealings on the

Exchanges as defined in the Rules, Byelaws and Business Rules/ Regulations of Exchanges/ SEBI and

circulars/notices issued there under from time to time.

2. The Member, Authorized Person and the client shall be bound by all the Rules, Byelaws and Business Rules of the

Exchange and circulars/notices issued there under and Rules and Regulations of SEBI and relevant notifications

of Government authorities as may be in force from time to time.

3. The client shall satisfy himself of the capacity of the Member to deal in commodities and/or deal in derivatives

contracts and wishes to execute its orders through the Member and the client shall from time to time continue to

satisfy itself of such capability of the Member before executing orders through the Member.

4. The Member shall continuously satisfy itself about the genuineness and financial soundness of the client and

investment objectives relevant to the services to be provided.

5. The Member shall take steps to make the client aware of the precise nature of the Member’s liability for business

to be conducted, including any limitations, the liability and the capacity in which the Member acts. 6. Requirements of professional diligence

a. The Member must exercise professional diligence while entering into a financial contract or discharging any

obligations under it.

b. “professional diligence” means the standard of skill and care that a Member would be reasonably expected to

exercise towards a Client, commensurate with-

i. honest market practice;

ii. the principle of good faith;

iii. the level of knowledge, experience and expertise of the Client;

iv. the nature and degree of risk embodied in the financial product* or financial service being availed by the Client;

and v. the extent of dependence of the Client on the Member.

*Commodity derivative contract

7. The Authorized Person shall provide necessary assistance and co-operate with the Member in all its dealings with

the client(s).

CLIENT INFORMATION

8. The client shall furnish all such details in full as are required by the Member in "Account Opening Form” with

supporting details, made mandatory by commodity exchanges & SEBI from time to time.

9. The client shall familiarize himself with all the mandatory provisions in the Account Opening documents. Any

additional clauses or documents specified by the Member shall be non-mandatory; therefore, subject to specific

acceptance by the client.

10. The client shall immediately notify the Member in writing if there is any change in the information in the ‘account

opening form’ as provided at the time of account opening and thereafter; including the information on winding up

petition/insolvency petition or any litigation which may have material bearing on his capacity. The client shall

provide/update the financial information to the Member on a periodic basis.

11. A. Protection from unfair terms in financial contracts**

a. An unfair term of a non-negotiated contract will be void.

b. A term is unfair if it –

i. causes a significant imbalance in the rights and obligations of the parties under the financial contract, to the

detriment of the Client; and ii. is not reasonably necessary to protect the legitimate interests of the Member.

c. The factors to be taken into account while determining whether a term is unfair, include –

i. the nature of the financial product or financial service dealt with under the financial contract;

ii. the extent of transparency of the term;

**contracts offered by commodity exchanges

iii. the extent to which the term allows a Client to compare it with other financial contracts for similar financial

products or financial services; and

iv. the financial contract as a whole and the terms of any other contract on which it is dependent.

d. A term is transparent if it –

i. is expressed in reasonably plain language that is likely to be understood by the Client;

ii. is legible and presented clearly; and

iii. is readily available to the Client affected by the term.

e. If a term of a financial contract is determined to be unfair under point 11.A.c, the parties will continue to be bound by the

remaining terms of the financial contract to the extent that the financial contract is capable of enforcement without the

unfair term.

11. B.

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a. “Non-negotiated contract” means a contract whose terms, other than the terms contained in point 11.C. (given

below) are not negotiated between the parties to the financial contract and includes –

i. a financial contract in which, relative to the Client, the Member has a substantially greater bargaining power in

determining terms of the financial contract; and ii. a standard form contract.

b. “Standard form contract” means a financial contract that is substantially not negotiable for the Client, except for the

terms contained in point 11.C.

c. Even if some terms of a financial contract are negotiated in form, the financial contract may be regarded as a non-

negotiated contract if so indicated by – i. an overall and substantial assessment of the financial contract; and

ii. the substantial circumstances surrounding the financial contract

d. In a claim that a financial contract is a non-negotiated contract, the onus of demonstrating otherwise will be on the

Member. 11. C.

a. The above does not apply to a term of a financial contract if it – i. defines the subject matter of the financial contract;

ii. sets the price that is paid, or payable, for the provision of the financial product or financial service under the

financial contract and has been clearly disclosed to the Client; or iii. is required, or expressly permitted, under any law or regulations.

b. The exemption under point 11.C does not apply to a term that deals with the payment of an amount which is

contingent on the occurrence or non-occurrence of any particular event.

12. The Member and Authorized Person shall maintain all the details of the client as mentioned in the account opening form

or any other information pertaining to the client, confidentially and that they shall not disclose the same to any

person/authority except as required under any law/regulatory requirements. Provided however that the Member may so

disclose information about his client to any person or authority with the express permission of the client.

13. A. Protection of personal information and confidentiality

a. “Personal information” means any information that relates to a Client or allows a Client’s identity to be inferred,

directly or indirectly, and includes – a. name and contact information;

b. biometric information, in case of individuals c. information relating to transactions in, or holdings of, financial products

d. information relating to the use of financial services; or

e. such other information as may be specified.

13. B.

a. A Member must –

i. not collect personal information relating to a Client in excess of what is required for the provision of a financial

product or financial service;

ii. maintain the confidentiality of personal information relating to Clients and not disclose it to a third party, except in a

manner expressly permitted under point 13.B.b.;

iii. make best efforts to ensure that any personal information relating to a Client that it holds is accurate, up to date and

complete;

iv. ensure that Clients can obtain reasonable access to their personal information, subject to any exceptions that the

Regulator may specify; and

v. allow Clients an effective opportunity to seek modifications to their personal information to ensure that the personal

information held by the Member is accurate, up to date and complete.

b. A Member may disclose personal information relating to a Client to a third party only if –

i. it has obtained prior written informed consent of the Client for the disclosure, after giving the Client an effective

opportunity to refuse consent; ii. the Client has directed the disclosure to be made;

iii. the Regulator has approved or ordered the disclosure, and unless prohibited by the relevant law or regulations, the

Client is given an opportunity to represent under such law or regulations against such disclosure;

iv. the disclosure is required under any law or regulations, and unless prohibited by such law or regulations, the Client is

given an opportunity to represent under such law or regulations against such disclosure;

v. the disclosure is directly related to the provision of a financial product or financial service to the Client, if the

Member –

1. informs the Client in advance that the personal information may be shared with a third party; and

2. makes arrangements to ensure that the third party maintains the confidentiality of the personal information in

the same manner as required under this Part; or

vi. the disclosure is made to protect against or prevent actual or potential fraud, unauthorized transactions or claims, if

the Member arranges with the third party to maintain the confidentiality of the personal information in the

manner required under this Part.-

c. “Third party” means any person other than the concerned Member, including a person belonging to the

same group as the Member.

14. A Requirement of fair disclosure both initially and on continuing basis

a. Member must ensure fair disclosure of information that is likely to be required by a Client to make an informed

transactional decision.

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b. In order to constitute fair disclosure, the information must be provided –

i. sufficiently before the Client enters into a financial contract, so as to allow the Client reasonable time to understand

the information; ii. in writing and in a manner that is likely to be understood by a Client belonging to a particular category; and

iii. in a manner that enables the Client to make reasonable comparison of the financial product or financial service with

other similar financial products or financial services.

c. The types of information that must be disclosed to a Client in relation to a financial product or financial service, which may

include information regarding –

i. main characteristics of the financial product or financial service, including its features, benefits and risks to the

Client;

ii. consideration to be paid for the financial product or financial service or the manner in which the consideration is

calculated;

iii. existence, exclusion or effect of any term in the financial product or financial contract;

iv. nature, attributes and rights of the Member, including its identity, regulatory status and affiliations;

v. contact details of the Member and the methods of communication to be used between the Member and the Client; vi. rights of the Client to rescind a financial contract within a specified period; or

vii. rights of the Client under any law or regulations.

14.B.

a. Member must provide a Client that is availing a financial product or financial service provided by it, with the following continuing disclosures –

i. any material change to the information that was required to be disclosed under point 14.A at the time when the Client

initially availed the financial product or financial service;

ii. information relating to the status or performance of a financial product held by the Client, as may be required to

assess the rights or interests in the financial product or financial service; and iii. any other information that may be specified.

b. A continuing disclosure must be made –

i. within a reasonable time-period from the occurrence of any material change or at reasonable periodic intervals, as

applicable; and ii. in writing and in a manner that is likely to be understood by a Client belonging to that category.

MARGINS

15. The client shall pay applicable initial margins, withholding margins, special margins or such other margins as are

considered necessary by the Member or the Exchange or as may be directed by SEBI from time to time as applicable

to the segment(s) in which the client trades. The Member is permitted in its sole and absolute discretion to collect

additional margins (even though not required by the Exchange or SEBI) and the client shall be obliged to pay such

margins within the stipulated time.

16. The client understands that payment of margins by the client does not necessarily imply complete satisfaction of all dues.

In spite of consistently having paid margins, the client may, on the settlement of its trade, be obliged to pay (or entitled

to receive) such further sums as the contract may dictate/require.

TRANSACTIONS AND SETTLEMENTS

17. The client shall give any order for buy or sell of commodities derivatives contract in writing or in such form or manner, as

may be mutually agreed between the client and the Member however ensuring the regulatory requirements in this

regard are complied with. The Member shall ensure to place orders and execute the trades of the client, only in the

Unique Client Code assigned to that client.

18. The Member shall inform the client and keep him apprised about trading/ settlement cycles, delivery/payment schedules,

any changes therein from time to time, and it shall be the responsibility in turn of the client to comply with such

schedules/procedures of the relevant commodity exchange where the trade is executed.

19. The Member shall ensure that the money deposited by the client shall be kept in a separate account, distinct from his/its

own account or account of any other client and shall not be used by the Member for himself/itself or for any other client

or for any purpose other than the purposes mentioned in Rules, circulars, notices, guidelines of SEBI and/or Rules,

Business Rules, Bye-laws, circulars and notices of Exchange.

20. Where the Exchange(s) cancels trade(s) suo moto all such trades including the trade/s done on behalf of the client shall

ipso facto stand cancelled, Member shall be entitled to cancel the respective contract(s) with client(s).

21. The transactions executed on the Exchange are subject to Rules, Byelaws and Business Rules and circulars/notices issued

thereunder of the Exchanges where the trade is executed and all parties to such trade shall have submitted to the

jurisdiction of such court as may be specified by the Byelaws and Business Rules of the Exchanges where the trade is

executed for the purpose of giving effect to the provisions of the Rules, Byelaws and Business Rules of the Exchanges

and the circulars/notices issued thereunder.

BROKERAGE

22. The Client shall pay to the Member brokerage and statutory levies as are prevailing from time to time and as they apply

to the Client’s account, transactions and to the services that Member renders to the Client. The Member shall not

charge brokerage more than the maximum brokerage permissible as per the Rules, Business Rules and Bye-laws of the

relevant commodity exchanges and/or Rules of SEBI.

LIQUIDATION AND CLOSE OUT OF POSITION

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23. Without prejudice to the Member's other rights (including the right to refer a matter to arbitration), the client

understands that the Member shall be entitled to liquidate/close out all or any of the client's positions for nonpayment

of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such liquidation/close out, if any,

against the client's liabilities/obligations. Any and all losses and financial charges on account of such liquidation/closing-

out shall be charged to and borne by the client.

24. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receiving and paying for or

delivering or transferring commodities which the client has ordered to be bought or sold, Member may close out the

transaction of the client and claim losses, if any, against the estate of the client. The client or his nominees, successors,

heirs and assignee shall be entitled to any surplus which may result there from. The client shall note that transfer of

funds/commodities in favor of a Nominee shall be valid discharge by the Member against the legal heir.

DISPUTE RESOLUTION

25. The Member shall co-operate in redressing grievances of the client in respect of all transactions routed through it.

26. The client and the Member shall refer any claims and/or disputes with respect to deposits, margin money, etc., to

arbitration as per the Rules, Byelaws and Business Rules of the Exchanges where the trade is executed and

circulars/notices issued thereunder as may be in force from time to time.

27. The client/Member understands that the instructions issued by an authorized representative for dispute resolution, if any,

of the client/Member shall be binding on the client/Member in accordance with the letter authorizing the said

representative to deal on behalf of the said client/Member.

28. Requirement for each Member to have an effective grievance redress mechanism which is accessible to all its Clients

a. A Member must have in place an effective mechanism to receive and redress complaints from its Clients in relation to

financial products or financial services provided by it, or on its behalf, in a prompt and fair manner.

b. A Member must inform a Client, at the commencement of relationship with the Client and at such other time when

the information is likely to be required by the Client, of – i. the Client’s right to seek redress for any complaints; and

ii. the processes followed by the Member to receive and redress complaints from its Clients.

29. A. Suitability of advice for the Client

Right to receive advice that is suitable taking into account the relevant personal circumstances of the Client, such as the

Clients financial circumstances and needs. This obligation would apply to persons who render advice to Clients and t he

regulator may specify categories of financial products and service that necessarily require such advice to be given.

a. A Member must –

i. make all efforts to obtain correct and adequate information about the relevant personal circumstances of a Client;

and

ii. ensure that the advice given is suitable for the Client after due consideration of the relevant personal

circumstances of the Client.

b. If it is reasonably apparent to the Member that the available information regarding the relevant personal circumstances of

a Client is incomplete or inaccurate, the Member must warn the Client of the consequences of proceeding on the basis of

incomplete or inaccurate information.

c. If a Client intends to avail of a financial product or financial service that the Member determines unsuitable for the Client,

the Member –

i. must clearly communicate its advice to the Client in writing and in a manner that is likely to be understood by the

Client; and

ii. may provide the financial product or financial service requested by the Client only after complying with point 29.A.a and

obtaining a written acknowledgement from the Client.

30. Dealing with conflict of interest

In case of any conflict between the interests of a Client and that of the Member, preference much be given to the Client

interests.

a. A member must –

i. provide a Client with information regarding any conflict of interests, including any conflicted remuneration that the

Member has received or expects to receive for making the advice to the Client; and ii. give priority to the interests of the Client if the Member knows, or reasonably ought to know, of a conflict between

– 1. its own interests and the interests of the Client; or

2. the interests of the concerned Member and interests of the Client, in cases where the Member is a financial

representative.

b. The information under point 16a.i. must be given to the Client in writing and in a manner that is likely to be understood by

the Client and a written acknowledgement of the receipt of the information should be obtained from the Client.

c. In this section, “conflicted remuneration” means any benefit, whether monetary or non-monetary, derived by a Member

from persons other than Clients that could, under the circumstances, reasonably be expected to influence the advice given

by the Member to a Client.

TERMINATION OF RELATIONSHIP

31. This relationship between the Member and the client shall be terminated; if the Member for any reason ceases to be a

member of the commodity exchange including cessation of membership by reason of the Member's default, death,

resignation or expulsion or if the certificate is cancelled by the Exchange.

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32. The Member, Authorized Person and the client shall be entitled to terminate the relationship between them without giving

any reasons to the other party, after giving notice in writing of not less than one month to the other parties.

Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in respect of

transactions entered into prior to the termination of this relationship shall continue to subsist and vest in/be binding on

the respective parties or his/its respective heirs, executors, administrators, legal representatives or successors, as the

case may be.

33. In the event of demise/insolvency of the Authorized Person or the cancellation of his/its registration with the Board

or/withdrawal of recognition of the Authorized Person by the commodity exchange and/or termination of the agreement

with the Authorized Person by the Member, for any reason whatsoever, the client shall be informed of such termination

and the client shall be deemed to be the direct client of the Member and all clauses in the ‘Rights and Obligations’

document(s) governing the Member, Authorized Person and client shall continue to be in force as it is, unless the client

intimates to the Member his/its intention to terminate their relationship by giving a notice in writing of not less than one

month.

ADDITIONAL RIGHTS AND OBLIGATIONS

34. The Member and client shall reconcile and settle their accounts from time to time as per the Rules, Business Rules, Bye

Laws, Circulars, Notices and Guidelines issued by SEBI and the relevant Exchanges where the trade is executed.

35. The Member shall issue a contract note to his clients for trades executed in such format as may be prescribed by the

Exchange from time to time containing records of all transactions including details of order number, trade number,

trade time, trade price, trade quantity, details of the derivatives contract, client code, brokerage, all charges levied etc.

and with all other relevant details as required therein to be filled in and issued in such manner and within such time as

prescribed by the Exchange. The Member shall send contract notes to the investors within 24 hours of the execution of

the trades in hard copy and/or in electronic form using digital signature.

36. The Member shall make pay out of funds or delivery of commodities as per the Exchange Rules, Bye-Laws, Business

Rules and Circulars, as the case may be, to the Client on receipt of the payout from the relevant Exchange where the

trade is executed unless otherwise specified by the client and subject to such terms and conditions as may be

prescribed by the relevant Exchange from time to time where the trade is executed.

37. The Member shall send a complete `Statement of Accounts’ for both funds and commodities in respect of each of its

clients in such periodicity and format within such time, as may be prescribed by the relevant Exchange, from time to

time, where the trade is executed. The Statement shall also state that the client shall report errors, if any, in the

Statement immediately but not later than 30 calendar days of receipt thereof, to the Member. A detailed statement of

accounts must be sent every month to all the clients in physical form. The proof of delivery of the same should be

preserved by the Member. 38. The Member shall send margin statements to the clients on monthly basis. Margin statement should i nclude, inter-alia,

details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break up

in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee, warehouse receipts, securities etc.

39. The Client shall ensure that it has the required legal capacity to, and is authorized to, enter into the relationship with

Member and is capable of performing his obligations and undertakings hereunder. All actions required to be taken to

ensure compliance of all the transactions, which the Client may enter into shall be completed by the Client prior to such

transaction being entered into.

40. In case, where a member surrenders his/ her/ its membership, Member gives a public notice inviting claims, if any, from

investors. In case of a claim relating to transactions executed on the trading system of the Exchange, ensure that client

lodge a claim with the Exchange within the stipulated period and with the supporting documents. 41. A. Protection from unfair conduct which includes misleading conduct & abusive conduct

a. Unfair conduct in relation to financial products or financial services is prohibited.

b. “Unfair conduct” means an act or omission by a Member or its financial representative that significantly impairs, or is likely

to significantly impair, the ability of a Client to make an informed transactional decision and includes – i. misleading conduct under point 41.B

ii. abusive conduct under point 41.C iii. such other conduct as may be specified.

41. B.

a. Conduct of a Member or its financial representative in relation to a determinative factor is misleading if it is likely to cause

the Client to take a transactional decision that the Client would not have taken otherwise, and the conduct involves –

i. providing the Client with inaccurate information or information that the Member or financial representative does not

believe to be true; or ii. providing accurate information to the Client in a manner that is deceptive.

b. In determining whether a conduct is misleading under point 41.B.a, the following factors must be considered to be

“determinative factors” – i. the main characteristics of a financial product or financial service, including its features, benefits and risks to the Client;

ii. the Client’s need for a particular financial product or financial service or its suitability for the Client;

iii. the consideration to be paid for the financial product or financial service or the manner in which the consideration is

calculated;

iv. the existence, exclusion or effect of any term in a financial contract, which is material term in the context of that

financial contract; v. the nature, attributes and rights of the Member, including its identity, regulatory status and affiliations; and

vi. the rights of the Client under any law or regulations.

41. C.

Page No. 14

a. A conduct of a Member or its financial representative in relation to a financial product or financial service is abusive if it –

i. involves the use of coercion or undue influence; and

ii. causes or is likely to cause the Client to take a transactional decision that the Client would not have taken otherwise. b. In determining whether a conduct uses coercion or undue influence, the following must be considered –

i. the timing, location, nature or persistence of the conduct;

ii. the use of threatening or abusive language or behaviour;

iii. the exploitation of any particular misfortune or circumstance of the Client, of which the Member is aware, to influence

the Client’s decision with regard to a financial product or financial service;

iv. any non-contractual barriers imposed by the Member where the Client wishes to exercise rights under a financial

contract, including – v. the right to terminate the financial contract;

vi. the right to switch to another financial product or another Member and

vii. a threat to take any action, depending on the circumstances in which the threat is made.

ELECTRONIC CONTRACT NOTES (ECN)

42. In case, client opts to receive the contract note in electronic form, he shall provide an appropriate e -mail id (created by

the client) to the Member (Kindly refer Appendix A). Member shall ensure that all the rules/Business Rule/Bye-Laws/

circulars issued from time to time in this regard are complied with. The client shall communicate to the Member any

change in the email-id through a physical letter. If the client has opted for internet trading, the request for change of

email id may be made through the secured access by way of client specific user id and password.

43. The Member shall ensure that all ECNs sent through the e-mail shall be digitally signed, encrypted, non-tamperable and

in compliance with the provisions of the IT Act, 2000. In case, ECN is sent through e-mail as an attachment, the

attached file shall also be secured with the digital signature, encrypted and non-tamperable.

44. The client shall note that non-receipt of bounced mail notification by the Member shall amount to delivery of the contract

note at the e-mail ID of the client.

45. The Member shall retain ECN and acknowledgement of the e-mail in a soft and non-tamperable form in the manner

prescribed by the exchange in compliance with the provisions of the IT Act, 2000 and as per the extant

rules/circulars/guidelines issued by SEBI/Commodity exchanges from time to time. The proof of delivery i.e., log

report generated by the system at the time of sending the contract notes shall be maintained by the Member for the

specified period under the extant rules/circulars/guidelines issued by SEBI/Commodity exchanges. The log report shall

provide the details of the contract notes that are not delivered to the client/e-mails rejected or bounced back. The

Member shall take all possible steps to ensure receipt of notification of bounced mails by him at all times within the

stipulated time period under the extant rules/circulars/guidelines issued by SEBI/Commodity exchanges. 46. The Member shall continue to send contract notes in the physical mode to such clients who do not opt to receive the

contract notes in the electronic form. Wherever the ECNs have not been delivered to the client or has been rejected

(bouncing of mails) by the e-mail ID of the client, the Member shall send a physical contract note to the client within the

stipulated time under the extant Regulations/ Rules, Bye-Laws, Business Rules and Circulars of SEBI/commodity

exchanges and maintain the proof of dispatch and delivery of such physical contract notes.

47. In addition to the e-mail communication of the ECNs to the client, the Member shall simultaneously publish the ECN on

his designated web-site, if any, in a secured way and enable relevant access to the clients and for this purpose, shall

allot a unique user name and password to the client, with an option to the client to save the contract note electronically

and/or take a print out of the same. 48. The Electronic Contract Note (ECN) declaration form will be obtained from the Client who opts to receive the contract

note in electronic form in place of physical contract note. This declaration will remain valid till it is revoked by the client. LAW AND JURISDICTION

49. In addition to the specific rights set out in this document, the Member, Authorized Person and the client shall be entitled

to exercise any other rights which the Member or the client may have under the Rules, Bye-laws and Business Rules of

the Exchanges in which the client chooses to trade and circulars/notices issued there under or Rules of SEBI. 50. The provisions of this document shall always be subject to Government notifications, any rules, guidelines and

circulars/notices issued by SEBI and Circulars, Rules, Business Rules and Bye laws of the relevant commodity

exchanges, where the trade is executed, that may be in force from time to time.

51. The Member and the client shall abide by any award passed by the Arbitrator(s) under the Arbitration and Conciliation

Act, 1996. However, there is also a provision of appeal, if either party is not satisfied with the arbitration award.

52. Words and expressions which are used in this document but which are not defined herein shall, unless the context

otherwise requires, have the same meaning as assigned thereto in the Rules, Byelaws and Regulations/Business Rules

and circulars/notices issued there under of the Exchanges/SEBI.

53. All additional voluntary/non mandatory clauses/document added by the Member should not be in contravention with

Rules/ Business Rules/Notices/Circulars of Exchanges/SEBI. Any changes in such voluntary clauses/document(s) need

to be preceded by a notice of 15 days. Any changes in the rights and obligations which are specified by

Exchanges/SEBI shall also be brought to the notice of the clients.

54. If the rights and obligations of the parties hereto are altered by virtue of change in Rules of SEBI or Bye-laws, Rules

and Business Rules of the relevant commodity exchanges where the trade is executed, such changes shall be deemed

to have been incorporated herein in modification of the rights and obligations of the parties mentioned in this document.

55. Members are required to send account statement to their clients every month in physical form.

INTERNET & WIRELESS TECHNOLOGY BASED TRADING FACILITY PROVIDED BY MEMBERS TO CLIENT

(All the clauses mentioned in the ‘Rights and Obligations’ document(s) shall be applicable. Additionally, the clauses mentioned herein shall also be applicable.)

1. Member is eligible for providing Internet based trading (IBT) and commodities trading through the use of wireless technology that shall include the use of devices such as mobile phone, laptop with data card, etc. which use Internet Protocol (IP). The Member shall comply with all requirements applicable to internet based trading/- commodities trading using wireless technology as may be specified by SEBI & the Exchanges from time to time.

2. The client is desirous of investing/trading in commodities and for this purpose, the client is desirous of using either the internet based trading facility or the facility for commodities trading through use of wireless technology. The Member shall provide the Member’s IBT Service to the Client, and the Client shall avail of the Member’s IBT Service, on and subject to SEBI/Exchanges Provisions and the terms and conditions specified on the Member’s IBT Web Site provided that they are in line with the norms prescribed by Exchanges/SEBI.

3. The Member shall bring to the notice of client the features, risks, responsibilities, obligations and liabilities associated with commodities trading through wireless technology/internet or any other technology should be brought to the notice of the client by the Member.

4. The Member shall make the client aware that the Member’s IBT system itself generates the initial password and its password policy as stipulated in line with norms prescribed by Exchanges/SEBI.

5. The Client shall be responsible for keeping the Username and Password confidential and secure and shall be solely responsible for all orders entered and transactions done by any person whosoever through the Member’s IBT System using the Client’s Username and/or Password whether or not such person was authorized to do so. Also the client is aware that authentication technologies and strict security measures are required for the internet trading/ commodities trading through wireless technology through order routed system and undertakes to ensure that the password of the client and/or his authorized representative are not revealed to any third party including employees and dealers of the Member

6. The Client shall immediately notify the Member in writing if he forgets his password, discovers security flaw in Member’s IBT System, discovers/suspects discrepancies/ unauthorized access through his username / password / account with full details of such unauthorized use, the date, the manner and the transactions effected pursuant to such unauthorized use, etc.

7. The Client is fully aware of and understands the risks associated with availing of a service for routing orders over the internet/ commodities trading through wireless technology and Client shall be fully liable and responsible for any and all acts done in the Client’s Username/password in any manner whatsoever.

8. The Member shall send the order/trade confirmation through email to the client at his request. The client is aware that the order/ trade confirmation is also provided on the web portal. In case client is trading using wireless technology, the Member shall send the order/trade confirmation on the device of the client.

9. The client is aware that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc. are susceptible to interruptions and dislocations. The Member and the Exchange do not make any representation or warranty that the Member’s IBT Service will be available to the Client at all times without any interruption.

10. The Client shall not have any claim against the Exchange or the Member on account of any suspension, interruption, non-availability or malfunctioning of the Member’s IBT System or Service or the Exchange’s service or systems or non-execution of his orders due to any link/system failure at the Client/Members/Exchange end for any reason beyond the control of the Member/Exchanges.

Page No. 15

Annexure 4

GUIDANCE NOTE - DO’s AND DON’Ts FOR THE CLIENTS

Do’s

1. Trade only through Registered Members of the Exchange. Check from the Exchange

website at following link for MCX -

http://www.mcxindia.com/SitePages/MembersDetails.aspx to see whether the Member

is registered with the Exchange.

2. Insist on filling up a standard 'Know Your Client (KYC)' form before you commence

trading

3. Insist on getting a Unique Client Code (UCC) and ensure all your trades are done under

the said UCC.

4. Insist on reading and signing a standard 'Risk Disclosure Agreement'.

5. Obtain a copy of your KYC and/ or other documents executed by you with the Member,

from the Member.

6. Cross check the genuineness of trades carried out at the Exchange through the trade

verification facility available on the Exchange website at the following link for MCX- http://www.mcxindia.com/SitePages/TradeVerification.aspx

The trades can be verified online where trade information is available up to 5 working

days from the trade date.

7. Insist on a duly signed Contract Note in specified format for every executed trade within

24 hours of trade, highlighting the details of the trade along with your UCC.

8. Ensure that the Contract Note contains all the relevant information such as Member

Registration Number, Order No., Order Date, Order time, Trade No., Trade rate,

Quantity, Arbitration Clause, etc.

9. Obtain receipt for collaterals deposited with the Member towards margins.

10. Go through the Rules, Bye-laws, Regulations, Circulars, Directives, Notifications of the

Exchange as well as of the Regulators, Government and other authorities to know your

rights and duties vis-à-vis those of the Member.

11. Ask all relevant questions and clear your doubts with your Member before transacting.

12. Insist on receiving the bills for every settlement.

13. Insist on Monthly statements of your ledger account and report any discrepancies in the

statement to your Member within 7 working days. In case of unsatisfactory response

report the discrepancy to the Exchange within 15 working days from the date of cause

of action.

14. Scrutinize minutely both the transaction & holding statements that you receive from

your Depository Participant.

Page no. 16

http://www.mcxindia.com/SitePages/MembersDetails.aspx

http://www.mcxindia.com/SitePages/MembersDetails.aspx

http://www.mcxindia.com/SitePages/TradeVerification.aspx

http://www.mcxindia.com/SitePages/TradeVerification.aspx

Page No. 17

15. Keep Delivery Instruction Slips (DIS) book issued by DPs in safe possession.

16. Ensure that the DIS numbers are preprinted and your account number (UCC) is

mentioned in the DIS book.

17. Freeze your Demat account in case of your absence for longer duration or in case of not

using the account frequently.

18. Pay required margins in time and only by Cheque and ask for receipt thereof from the

Member.

19. Deliver the commodities in case of sale or pay the money in case of purchase within the

time prescribed.

20. Understand and comply with accounting standards for derivatives.

21. Ensure to read, understand and then sign the voluntary clauses, if any, agreed between

you and the Member. Note that the clauses as agreed between you and the Member

cannot be changed without your consent.

22. Get a clear idea about all brokerage, commissions, fees and other charges levied by the

Member on you for trading and the relevant provisions/ guidelines specified by

SEBI/Commodity exchanges.

23. Make the payments by account payee cheque in favour of the Member. Ensure that you

have a documentary proof of your payment/deposit of commodities with the Member,

stating date, commodity, quantity, towards which bank/ demat account such money or

commodities (in the form of warehouse receipts) deposited and from which bank/ demat

account.

24. The payout of funds or delivery of commodities (as the case may be) shall not be made

to you within one working day from the receipt of payout from the Exchange, in case

you have given specific authorization for maintaining running account to the member.

Thus, in this regard, the running account authorization provided by you to the Member

shall be subject to the following conditions:

a) Such authorization from you shall be dated, signed by you only and contains the

clause that you may revoke the same at any time.

b) You need to bring any dispute arising from the statement of account to the notice of

the Member in writing preferably within 7 (seven) working days from the date of

receipt of funds/commodities or statement, as the case may be. In case of dispute,

refer the matter in writing to the Investors Grievance Cell of the relevant Commodity

exchanges without delay.

c) In case you have not opted for maintaining running account and pay-out is not

received on the next working day of the receipt of payout from the exchanges, please

refer the matter to the Member. In case there is dispute, ensure that you lodge a

complaint in writing immediately with the Investors Grievance Cell of the relevant

Commodity exchange.

Page No. 18

d) Please register your mobile number and email id with the Member, to receive trade confirmation alerts/ details of the transactions through SMS or email, by the end of

the trading day, from the commodity exchanges.

25. You should familiarize yourself with the protection accorded to the money or other

property you may deposit with your member, particularly in the event of a default in

the commodity derivatives market or the member becomes insolvent or bankrupt.

26. Please ensure that you have a documentary proof of having made the deposit of such

money or property with the member, stating towards which account such money or

property deposited.

27. In case your problem/grievance/issue is not being sorted out by concerned

Member/Authorized Person then you may take up the matter with the concerned

Commodity Exchange. If you are not satisfied with the resolution of your complaint

then you can escalate the matter to SEBI.

Don’ts

1. Do not deal with any unregistered intermediaries.

2. Do not undertake off-market transactions as such transactions are illegal and fall outside

the jurisdiction of the Exchange.

3. Do not enter into assured returns arrangement with any Member

4. Do not get carried away by luring advertisements, rumours, hot tips, explicit/ implicit

promise of returns, etc.

5. Do not make payments in cash/ take any cash towards margins and settlement to/from

the Member.

6. Do not start trading before reading and understanding the Risk Disclosure Agreement.

7. Do not neglect to set out in writing, orders for higher value given over phone.

8. Do not accept unsigned/duplicate contract note/confirmation memo.

9. Do not accept contract note/confirmation memo signed by any unauthorized person.

10. Don’t share your internet trading account’s password with anyone.

11. Do not delay payment/deliveries of commodities to Member.

12. Do not forget to take note of risks involved in the investments.

13. Do not sign blank Delivery Instruction Slips (DIS) while furnishing commodities, deposits

and/or keep them with Depository Participants (DP) or member to save time.

14. Do not pay brokerage in excess of that rates prescribed by the Exchange

15. Don’t issue cheques in the name of Authorized Person.

Page No. 19

A. BROKERAGES

TARIFF SHEET

Same day 1 side Same day 2 side Any day Side Delivery Min Percent Max Min Percent Max Min Percent Max Min Percent Max

Commodity Future Buy

Commodity Future Sell

Clearing Charges

B. STATUTORY LEVIES

Following statutory levies shall be levied as applicable from to time.

i. Exchange Transaction & Clearing Charges

ii. Stamp Duty

iii. Service Tax

iv. Delivery Charges v. CTT

C. PENALTY

Penalties levied by exchange, SEBI and other authorities due to act of client are recovered from the clients. Such penalty may include,

Short Margin Penalty, Code Modification Penalty, Square off and roll over default penalty etc.

D. OTHER CHARGES

i. Minimum Contract Charges @ Rs. 20/- per contract. ii. Delayed payment penalty @ 21.99% per annum or part thereof or

such other rate as may be determined by the stock broker. iii. cheque return charges Rs. 200/- or 1% of Cheque amount which

ever is higher. iv. Warehouse charges, grading charges etc.

Client Code :

Client Name : Client Signature :

Annexure

Form for registration and verification of mobile number and email address

Date:

To,

The Compliance Officer

NAVKAR SHARE AND STOCK BROKERS

PVT. LTD.. TM ID : MCX-21240

We/I are/ am aware that Multi Commodity Exchange of India Ltd. (MCX) provides

SMS/email alerts to the constituents (clients) of its member for trades executed on its

platform. We/I hereby provide and confirm my/our mobile number and/or email address as

stated below for the purpose of receipt of SMS/email alerts.

I want to receive transaction alerts in SMS as well as Email from MCX

I want to receive transaction alerts only in SMS from MCX

I want to receive transaction alerts only in Email from MCX

I do not want to receive any transaction alerts from MCX ,

specify reason

The alerts should be sent on:

Mobile number (enter 10 digit mobile no):

Email Id ……………………………………………………………………………………….……………………………..

We/I agree to the terms and condition specified by the Exchange in its circular no.

as modified from time to time. We/I

are/am aware that the receipt of SMS/Email alerts on the above mobile number and/or

email address can be stopped only on our/my written request.

Name of the client:…………………………………

Client ID: Signature:

Page No. 20

1Appendix A Electronic Contract Note [ECN] – DECLARATION

(VOLUNTARY) To, (Navkar Share and Stock Brokers Pvt. Ltd..)

Dear Sir, I, a client with Member M/s. NAVKAR SHARE & STOCK BROKERS PVT. LTD of Multi Commodity Exchange of India Limited undertake as follows :

I am aware that the Member has to provide physical contract note in respect of all the trades placed by me unless I myself want the same in the electronic form.

I am aware that the Member has to provide electronic contract note for my convenience on my request only.

Though the Member is required to deliver physical contract note, I find that it is inconvenient for me to receive physical contract notes. Therefore, I am voluntarily requesting for delivery of electronic contract note pertaining to all the trades carried out / ordered by me.

I have access to a computer and am a regular internet user, having sufficient knowledge of handling the email operations.

My email id is . This has been created by me and not by someone else.

I am aware that this declaration form should be in English or in any other Indian language known tome. * I am aware that non-receipt of bounced mail notification by the member shall amount to delivery ofthe

contract note at the above e-mail ID.

[The above declaration has been read and understood by me. I am aware of the risk involved in dispensing with the physical contract note, and do hereby take full responsibility for the same]

(The above lines must be reproduced in own handwriting of the client.)

Client Name:

Unique Client Code : PAN: Address :

Date :

Place :

(x )

Signature of the client

Verification of the client signature done by, Name of the designated officer of the Member

(x )

Date : Signature Instructions: This declaration form has to be sent by the Member to the client on the email id provided by client while opening the

trading account. The client shall, on receipt of this email, print the email as well as the declaration form. The hard copy of the declaration shall be filled up by the client and submitted to the Member along with a signed hard

copy of the email. The Member shall acknowledge the receipt of the declaration from the client. The size of the font of this declaration must be at least 12.

Page No. 21

[VOLUNTARY]

To, NAVKAR SHARE AND STOCK BROKERS PVT. LTD.

Dear Sir,

I/We hereby authorize(s) the MEMBER to maintain a running account, instead of settlement to settlement clearance of funds due to me/us.

The payout of funds may be retained by the MEMBER and no interest shall be payable, by the MEMBER on such funds so retained.

I/We also authorize(s) the MEMBER to consider the funds so retained by the MEMBER towards collateral margin for allowing enhanced gross exposure to me/us.

I/We agree(s) that the MEMBER shall not be liable for any claim for loss or profit, or for any consequential, incidental, special or exemplary damages, caused by retention of such funds under this document or otherwise. On written request of the CLIENT the MEMBER may release funds to him, if sufficient margins in respect of his trading, across the Exchange(s) and across the segments of the Exchange(s) are available with the MEMBER, within one working day of the request if the same are lying with him and within three working days from the request if the same are lying with the Clearing Member/Clearing Corporation.

The members of the Exchanges would settle accounts of their clients every six months subject to the condition that, for the clients having open position on such six monthly settlement date, the member may retain the requisite funds to

meet the maximum likely margin obligations for the next 3 trading days. The retention of applicable margins would ensure that the clients do not get into a square off mode unnecessarily due to such six monthly settlement.

While settling the account, the Member shall send to the client a 'Statement of Accounts' containing an extract from the

client ledger of funds for the relevant six months. The statement shall also explain the retention of funds, if any. Such periodic settlement of account may not be necessary for collaterals/margin in the form of bank guarantee (BG)/Fixed Deposit receipts (FDR)/other collaterals received from clients.

There shall be no inter-client adjustments like any inter family / Group Company / related accounts for the purpose of

settlement of the client account.

The time difference between two settlements should not be more than 180 days and such settlements need not be on a particular date for all the clients of the Member.

Settlement of funds is done within 5 working days at the end of six months.

Members are not required to refund amounts below Rs. 50,000/- to clients for the purpose of six monthly settlements.

This authorization may be revoked at any time by me/us by giving written notice to the member.

Client Code :

Name of Client:

Date of Authorization: (DD – MM – YYYY)

Client Signature:_____________ (To be signed by client himself and not by any authorized person on his behalf or holder of the Power of Attorney)

Page No. 22

RUNNING ACCOUNT AUTHORIZATION (MCX )

To, Name of Broker Address Ref: SELF DECLARATION: Client Code:___________________

Pursuant to SEBI circular SEBI/HO/CDMRD/DNPMP/CIR/P/2019/08 dated 04th January, 2019, transperancy in the commodity derivative market is paramount for price signals as well as its corelation with underlying physical market activities. In order to enhance transparancy to public in Commodity Derivative Market, additional disclosures for Open Interest and Turnover for various categories of participants of commodities as well as market level is required.

With a view to understand the extent of involvement of the physical market participants and to identify the nature of participants in the Commodities Derivative Market, I/we declare and confirm that I/we shall fall under following categories – commodity wise;

(Fill Category Code for Each Commodity Type in the blank columns; In case, you are not dealing in any commodity type, then write N.A)

A) BUILLION:

GOLD SILVER DIAMOND

B) BASE METAL

COPPER ZINK ALLUMINIUM NICKLE

LEAD STEEL BRASS C) ENERGY

CRUDE OIL

Natural Gas

D) Agriculture Commodities

GUAR KAPAS CASTER SOYABEAN

COTTON CHANA BARLY CORIANDER JEERA

PALM MOONG PADDY SUGAR TERMERIC

PEPPER RUBBER

Category Category Code

FPOs/ Farmers 1 VCPs/ Hedgers 2Proprietary traders 3 Domestic financial institutional investors

4

Foreign participants 5 Others 6

I hereby declare that the details furnished above are true and correct to the best of my knowledge and belief and I/we undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am are aware that I/we may be held liable for it.

Client Signature:__________________

Client Code: ____________________ Client Name: _______________________

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